In mainstream financial circles, the concept of a global currency is often spoken of only with an atmosphere of caution. It is approached always in hypothetical terms. It is whispered of as some far off dream; a socio-economic moon landing in the far reaches of fiscal space. Perhaps in 2015, or 2020, or maybe 2050, but certainly never just over the horizon, or right around the corner posing as an innocuous trade asset created over 40 years ago and used only on rare occasions. Unfortunately, the development of a centralized global security representing the creation of a supranational economic body is much closer than many would care to admit…
The most common argument made in the mainstream against a global currency taking shape is the argument that no other currency in the world today has the strength or widespread circulation necessary to replace the dollar as a primary reserve unit. This is true, if, you only look at separate currencies, and not the big picture. The reality is, central banks and the IMF have no intention of replacing one national currency with yet another national currency as the world reserve. What they DO intend to do, however, is replace the dollar with a basket of national currencies linked together and homogenized under a single unit. This has been openly announced by the IMF for months, and Dominique Strauss-Kahn even produced a press release explaining the plan (this was before he apparently watched ‘Maid in Manhattan’ 57 times in a row then allegedly tried to “romance” a cleaning lady, which of course landed him in court):
http://www.imf.org/external/np/speeches/2011/021011.htm
The G20 has also raised discussion of a global currency and a greater oversight role for the IMF on a number of occasions:
http://www.themoscowtimes.com/business/article/at-g20-kremlin-to-pitch-new-currency/375364.html
A more in-depth look at the IMF plan for the SDR can be seen in a white paper released at the beginning of this year entitled “Enhancing International Monetary Stability – A Role For The SDR?”:
http://www.imf.org/external/np/pp/eng/2011/010711.pdf
A global currency, or at least the foundation for one, already exists in the form of “Special Drawing Rights” (SDR’s), created by the IMF in 1969 as paper collateral used to replace gold as the primary means of international trade between governments and central banks without the need for Forex exchanges. That is to say, the SDR was used as a tool for displacing the strength of gold. Today, the asset has morphed into a trade mechanism representing a basket of currencies, and, a tool to displace the U.S. dollar as the world reserve currency.
Skeptics will argue that the SDR is a “long way” from being ready to unseat the dollar, but, these economists and pundits rarely consider that the financial circumstances of markets today could quickly change tomorrow. Yes, by the standards of this very moment, a move to elevate the SDR to reserve status is impractical, mainly, because the dollar is still clinging to its relative value and widespread use. This will not be the case for much longer.
Over the past month, the “big three” ratings agencies; Moody’s, Fitch, and S&P, have suddenly decided to do the job they should have been doing years ago, and have begun a wild roller coaster ride of credit downgrades for countries with immense Debt-to-GDP ratios. Greece has been junked. Ireland has been junked. Portugal has been hit. Spain has been hit, and is ready for yet another downgrade. Italy is on the chopping block. Finally, even the U.S. is near losing its AAA status as S&P has announced it will decide within the next month whether a downgrade of our rating will soon be necessary.
The most important aspect of the S&P announcement is their statement that the downgrade is NOT about the impending debt ceiling decision, but America’s overall creditworthiness and our lack of ability to maintain our current spending and inflationary habits. That is to say, even if the debt ceiling is raised, as all the Keynesians are clamoring for, we could still lose our top credit rating:
http://market-ticker.org/akcs-www?singlepost=2623832
This storm of downgrades after years of inaction by ratings agencies, in my view, is simply not a coincidence. The fact that Ben Bernanke has admitted that QE3 is on the table as well after the Fed denied any need for more stimulus only two months ago is also highly suspicious (though he tried to take back the statement later after a thorough grilling from Ron Paul):
http://www.businessinsider.com/black-and-white-and-red-all-over-2011-7
The bottom line is that if the ceiling is raised, the Fed is ready to print the dollar into an early grave. If the ceiling is frozen in place, America defaults on its debts and its credit rating evaporates. Either way, the dollar will inevitably lose its world reserve status. Enter the SDR…
What we are witnessing is a careful and deliberate “shuffle” of economic circumstances towards a financial and political environment more receptive to a global currency. Or, indeed, a public so desperate for stability as to have no other choice but a global currency. Here are some of the steps that will likely take place and in certain cases must take place before the SDR is able to fulfill the role the IMF intends. Many of these steps are already being implemented as this is written:
1) The IMF Must Increase Circulation Of SDR’s
The normal restrictions on SDR printing were removed in 2008 by the IMF just as the credit crisis began to take shape under the guise of “producing more liquidity”. SDR’s can now be created in unlimited numbers. Allocations of SDR’s by IMF member countries leaped in 2008 to 2009. America’s holdings of SDR’s grew from 21 billion to 203 billion in the span of a single year:
http://www.imf.org/external/np/fin/tad/extsdr1.aspx
Using the “SDR Department”, the IMF has also been issuing SDR’s to emerging market countries and needy nations off the books, at the expense of the American taxpayer! Rich countries like the U.S. pay into the SDR Department program which is supposedly designed to redistribute “foreign aid” to poorer countries as low interest loans denominated in SDR’s. These loans show up nowhere on our Federal Budget:
http://www.house.gov/jec/imf/sdrdept.pdf
In 2004, the cost of paying into this program was around $5 Billion a year, but this has surely been expanded since. Finding accurate numbers on current U.S. loans through the hidden SDR Department program has proven difficult, to say the least…
The point of all this? The SDR is being widely circulated under various operations, some of them public, some of them not so public.
2) Standardized Exchange Tables For The SDR Must Be Put In Place
The IMF now releases daily conversion and exchange tables to SDR’s for almost every other currency on the planet:
http://www.imf.org/external/np/fin/data/rms_five.aspx
One important aspect of SDR conversion to take note of is that the currencies most highly valued on global forex markets, and the SDR table, are the Bahraini Dinar, and the Kuwaiti Dinar. The Bahraini Dinar is pegged directly to the SDR basket, while the Kuwaiti Dinar is pegged to “an undisclosed basket of currencies” (probably the SDR). The dollar, on the other hand, is relatively weak in comparison when converting to SDR’s, even though most of the IMF’s funding, and thus ability to create SDR’s, comes from the U.S.
Doesn’t seem fair, does it…?
Another important fact to remember is that the IMF admittedly sets the valuation of the SDR using factors outside of natural supply and demand. Meaning, they have the ability to place any value they please on the SDR versus other currencies. It is no surprise then that currencies which tie themselves to the IMF basket and placate IMF desires are rated strong in SDR’s, and perform well in forex markets, while the dollar, which remains (supposedly) independent, is weak versus SDR’s. Today, one dollar is worth 62 cents in SDR’s.
3) The SDR Must Be Made Indispensable To Global Markets
The IMF has openly suggested that the SDR could be used as an intermediary asset in volatile currency markets through what is sometimes referred to as a “Substitution Account”. Meaning, if China, for example, wished to dump their holdings of U.S. dollars because they are devaluing rapidly, they could exchange those dollars for SDR’s instead of directly converting them into another standard currency, like Euros, or Yen. This, according to the IMF, would lessen the direct damage to the Dollar, because the SDR is partly denominated in dollars. Therefore, as China throws out dollars in exchange for SDR’s, the value of the American Greenback goes down, but conversely, the value of America’s SDR holdings will go up.
This sounds like a brilliant strategy to offset sudden currency collapse. However, it is actually a very subversive way to slowly elevate the SDR as a world reserve currency itself, and to replace the dollar entirely, while the IMF plays the hero. It also allows the IMF to slowly “harmonize” all the world’s currencies until there is no distinction in their value. The SDR becomes a de facto reserve unit without officially overthrowing the dollar.
If the U.S. is faced with the nightmare of having its own currency dumped by international central banks, obviously, our Treasury would jump at the chance to support conversion to the SDR to lessen the damage, rather than face the full brunt of losing our reserve status. In fact, the U.S. would have NO CHOICE but to support the SDR and the IMF as the intermediary in all global financial transactions, otherwise, we would face certain long term full spectrum collapse. The only support holding up our financial system would then be our membership in the SDR basket. We would become completely dependent, and the IMF would have total centralized control over our economy.
What the IMF has done is create a potential environment in which any country that does not participate in SDR exchange will be left in the dust by every country that does. They have conjured an artificial economic matrix, where traditional laws of supply and demand no longer apply. A kind of “manipulated evolution” of finance. A chimera economy. They will have the power to determine the value of every currency on the planet arbitrarily using the SDR Substitution Account.
4) China Must Be Given Membership In The SDR
Right now, it appears, the only thing holding the SDR back from its debut as a global currency asset is the inclusion of emerging markets into the IMF basket. Talk of China joining the basket in 2015 has been floating around for the past couple years. However, I believe that the inclusion of the Chinese Yuan may come much faster than this.
New IMF Managing Director, Christine Lagarde, has offered China a greater role in the IMF power structure, including a post for Min Zhu, a Chinese national, as a deputy managing director:
http://www.reuters.com/article/2011/07/06/us-imf-lagarde-china-idUSTRE7655JM20110706
Lagarde and members of the G20 have also been pressing hard for the addition of the Yuan and perhaps other currencies into the SDR. A decision on Chinese inclusion may come as soon as this November:
http://www.emergingmarkets.org/Article/2818350/G20-presses-for-yuan-SDR-inclusion.html
http://english.capital.gr/News.asp?id=1163175
5) China Must Decouple Completely From The Dollar
One of the points of contention over Chinese inclusion in the SDR is its ties to the U.S. dollar and economy. That is to say, China would first have to decouple from the dollar, before coupling to the SDR. Its sounds like some weird parasitic experiment, and, it is.
China started taking steps to make decoupling from the U.S. and the dollar a reality back in 2005 (which suggests foreknowledge of collapse), when they began issuing Yuan denominated bonds (to circulate Yuan around the world), and, when they began converting away from an export based economy and towards a consumer based economy. The problem is that because of the wider circulation of Yuan, the increase in stimulus, and the Chinese refusal (so far) to allow faster currency appreciation, China is now in the midst of a double digit inflationary crisis (that's REAL inflation folks, not fraudulent Chinese CPI numbers):
http://english.peopledaily.com.cn/90001/90776/90882/7432861.html
Because they have deliberately restructured towards a consumer based economy, eventually, China will have to allow the Yuan to increase substantially in value versus other currencies in order to amplify the buying power of its citizens. Otherwise, they will be crushed under the weight of rising prices:
http://www.reuters.com/article/2011/06/26/us-britain-china-idUSTRE75P1V120110626
This cannot be done without a considerable dump of their forex reserves and treasury holdings, most of which are composed of U.S. dollars and securities. This means that in order to counter inflation, and to be included in the SDR, China will have to liquidate a large portion of its U.S. holdings. This would strike the American economy hard.
6) The Dollar Must Be Removed As The World Reserve Currency
All of the above factors are leading towards one obvious conclusion; the end of the dollar as a reserve currency. The IMF will never achieve its goal of complete centralized administration of the global economy without a common supranational currency unit. And, a supranational currency unit cannot exist while the dollar remains in its current position. Thus, for the IMF to succeed, the dollar must be removed.
The expansive debt of the U.S., the endless fiat printing of the Federal Reserve, the Chinese adaptation away from the dollar and towards the SDR, and the quiet spread of the SDR itself, are all leading to this end. This does not mean, though, that the tangible version of the dollar will disappear. The interesting thing about the SDR con game is that many Americans may barely notice the transition of the global economy into IMF hands, because physical dollars will likely remain. We might feel the heartache of a devaluing monetary system, and an extremely weakened economy, but the flow of power will be obscured for a time from those who are unaware. In the end, all currencies will be tied to and completely reliant on the SDR, but our Greenback funny money will still be in our pockets. The issuance of an “SDR note” may come one day (if we allow this farce to continue), but it is not necessary. As long as every currency is required to be pegged to the SDR, the IMF will retain control.
A common assumption is that changes like these take place in some distant future we will never witness, not right under our noses while we sleep. The current evidence suggests, though, that an engineered transference to a highly condensed global economic system is underway right now, and that our country will suffer greatly in the process. To understand the tactically implemented disaster we are about to experience, it is vital to become aware of the intended end result. Just as in understanding any criminal act, it is vital to first understand a criminal’s ultimate motive.
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written by Son of Liberty , July 18, 2011
Excellent analysis of a complex subject designed to be implemented while the sheeple sleep. Readers: spread this article among your contacts - wake some up! Calling all sheep dogs to alert the flock! Danger is stalking!
written by Jiggs , July 19, 2011
Fine, I'm awake. Thanks for nothing. Nothing to do about it but go back to sleep.
You financial guys are terrific about telling us what's coming, but not so good about telling us what it's going to look and feel like when it gets here. How "bad" is bad? When you say the U.S. will "suffer," could you please be more friggin specific?
Thanks for the info, but, really, what good is it as a practical matter? Sounds like you're telling us to wake up and go back to sleep while the grown-ups finish plundering the world. Not. Much. Help.
I know, buy gold and silver, the hedge of last resort, at inflated rates now so we can be wiped out later when the spot price is manipulated back down again.
A criminal gang of misanthropic money-changers has us by the balls and there's nothing we can do about it. That wasn't so hard, was it?
written by Brandon Smith , July 19, 2011
@Jiggs
Before jumping to conclusions, you might actually try looking at the rest of this website, which is BASED on helping people in the Liberty Movement decouple from centralization using localization and alternative market systems.
Also, you should read my article 'The Essential Rules Of Liberty'. In it, I discuss apathetic people like yourself who troll websites like mine demanding "solutions", instead of actually looking for them. There are many organizations offering solid alternatives, including mine, Oath Keepers, G. Edward Griffin's site, etc. However, if you are too lazy to research these, why don't you show us how its done, and create your OWN solution to the problem of globalism, instead of whining like a baby because no one will hold your hand.
It comes off as rather pathetic...
written by PS , July 19, 2011
When a just monetary system has been established there will no longer exist a necessity for trade - unions, I therefore call upon every trades-union in the land to take hold of this matter in earnest.
Let us adopt the motto of General Jackson : ' Put your shoulder to the wheel, trust in God, and push along the column.' There is rapidly building up in this country a privileged moneyed aristocracy, such as nowhere else exists.
The whole productive powers of the nation have become subservient to and dependent upon this moneyed aristocracy.
They control the whole currency of the country, and with the money control the government.
William H. Sylvis (1828-1869).
written by Big Billy , July 19, 2011
You say the "Liberty Movement will decouple from centralization by using localization and alternative market systems". Is this the same as the gov't program called "sustainable development" which is an offshoot of UN Agenda 21.
written by Brandon Smith , July 19, 2011
@Big Billy
As far as I know, Agenda 21 has NEVER mentioned localization and alternative economies. And, if they are mentioned, the government's ideas on alternative markets are certainly far different from mine.
Sustainable development is an EPA Orwellian catch phrase, nothing more. Agenda 21 is about dominating land usage and culling population in the name of the "environment". This IS centralization.
Alternative markets are about decentralization, and independence from the establishment system. They completely oppose the goals of Agenda 21.
written by Ben Dover , July 19, 2011
What can Americans do to fight the New World Order?
1. Turn off or throw away your T.V.
2. Think for yourself.
3. Question all so-called ‘Authority’
4. Get out, and/or stay out, of debt!
5. Use cash, trade or barter as much as possible, rather than debit cards and credit cards
6. Get rid of grocery store ‘discount’ cards –grocery stores provide this information to insurance companies.
7. Bank at a Credit Union, or any alternative to the ‘TBTF’ Banks, that participated in the 2008 Banker Bailout.
8. Invest as much as you reasonably can in precious metals – especially silver.
9. You have the right to own a firearm, to protect yourself,and your family. Read the 2nd Amendment.
10. Buy products “Made in America"
11. Start your own garden
13. Meditate or pray - reduce your stress!
14. Get exercise!
15. Read a book (here is an excellent book recommendation: Psychological Warfare and the New World Order:The Secret War Against the American People
http://www.amazon.com/Psychological-Warfare-New-World-Order/dp/0932367232/ref=sr_1_1?ie=UTF8&qid=1310394551&sr=8-1 )
16. Listen to soothing classical, jazz, ambient, or other alternative music
17. Watch ‘Freedom to Fascism’–a film by Aaron Russo (can be found here: http://www.youtube.com/watch?v=lUpZhhbKUBo)
18. Watch ‘Why We Fight’–a film by Eugene Jarecki (can be found here: http://www.youtube.com/watch?v…r_embedded)
19. Watch ‘Endgame’–a film by Alex Jones (can be found here: http://www.youtube.com/watch?v=x-CrNlilZho)
20. Below is advice from John Perkins’ book, entitled THE SECRET HISTORY OF THE AMERICAN EMPIRE (The Truth About Economic Hit Men,Jackals,And How To Change The World), pp. 322-329.
“AVOID SHOPPING AS ‘RETAIL THERAPY’ (Instead, jog, meditate, read, or find some other solution).
SHOP CONSCIOUSLY – if there is something you must have, purchase items whose packaging, ingredients, and methods of production are sustainable and support life.
MAKE EVERYTHING YOU OWN LAST AS LONG AS POSSIBLE
PURCHASE AT CONSIGNMENT AND THRIFT STORES –where everything is recycled.
Write letters telling Monsanto, De Beers, ExxonMobil, Adidas, Ford, GE, Coca-Cola, WALMART, and other labor exploiters and environment destroyers
why you REFUSE TO PURCHASE FROM THEM.
CUT BACK ON OIL AND GAS CONSUMPTION!
DOWNSIZE (your car, home, wardrobe) – everything in your life (and don’t buy what you don’t need)
SUPPORT/SEND MONEY only to non-profits, radio stations, and other organizations that promote JUST causes.
VOLUNTEER your time and energy to such organizations.
SUPPORT LOCAL MERCHANTS
ENCOURAGE stores to buy from local growers, producers, and suppliers.
Shop at your LOCAL FARMERS’ MARKET
AVOID DRINKING WATER THAT IS FLUORIDATED (only your toothpaste should have non-industrial fluoride)
INSIST that those who use your money – banks, pensions, mutual funds, companies – make socially and environmentally responsible investments.”
21. Invest in precious metals (especially silver).
22. Research every company whose products or services you buy
23. Research every organization to which you donate your hard-earned money
24. Vote with your dollars!
25. Watch ‘The Secret of Oz’– a film by William T. Still (can be found here:http://www.youtube.com/watch?v=swkq2E8mswI)
26. Get prepared for when the U.S. dollar TOTALLY COLLAPSES - You'll need 1) Water, 2) Food, 3) Vital Medicine 4) First Aid Kit, etc.
27. Global, non-violent, NON-COMPLIANCE is the answer, of We the Plebs, to the ‘elite’ New World Order!
28. Find alternatives to EVERYTHING that they’ve set up, to entrap you in THEIR system.
29. What would happen if 200 MILLION AMERICANS refused to pay their taxes, in 2012? (Just a hypothetical question)
30. Familiarize yourself with the concept of BOYCOTT
31. Corporate Membership in the CFR (Council on Foreign Relations):
http://www.cfr.org/about/corporate/roster.html
32. Don’t ever join a ‘secret’ society
33. Watch 'Global Warming or Global Governance' (http://www.youtube.com/watch?v=_u81qXOYfKg )
34. Educate yourself. Thomas Jefferson: "If a nation expects to be ignorant & free, in a state of civilisation, it expects what never was & never will be."
Expand the above list,and share it with everyone you know!
written by Jiggs , July 19, 2011
That's all well and good, and yes, there are MANY pro-liberty organizations driving around in circles just like you. And none of them do anything more than wax rhetorical about our precious liberty and free-markets and woulda, coulda, shouldas.
What you fail to do is to reconcile platitudes about liberty with what's happening in the real world. I may be a troll around here, but I'm not apathetic, though that was the easy low road for you to take.
We are faced with a global financial crime syndicate that's been at this for a very long time. In our lifetimes they now control the major governments of the world, East and West. The only thing they understand is money, power, and violence. You understand the money part, but mince words when it comes to power and violence.
There will be no "liberty" unless the enemies of liberty are put down like the mad dogs they are. Since you can't bring yourself to say it, I will.
There is a solution, and I have it, but we can't get there from here. The debt-slave money system as-is cannot be, and ultimately will not be, reformed. So, all the words you spend and spin trying to "get there from here" are a waste of breath. Your informative, well-written article makes that plain as day. It's not so much a criticism of you, personally, as it is of your profession, which appears to be swinging with gusto while deliberately avoiding hitting the nail on the head.
written by Just Me , July 19, 2011
Once a global currency is in place, I believe it will be WORSE than our country just collapsing and starting over. We'll never have any freedoms again like we used too.
We'll be another corporate department on the block, downsized, outsourced, and terminated. We'll be competing with billions of people that will work simply for food.
We will end up a ONE WORLD WIDE CORPORATION If that doesn't strike fear into your heart, I just don't know what will.
Worker protections (slave protections), will revert, resources will be shipped around the globe at the whim of the IMF, oh, America, you don't have enough food to feed your own, tough sh*t, we're sending this food to Africa/China, they have billions "we" meaning "you" to feed.
Look at how corporations are run, now envision this on a world-wide scale. Oh, and envision a world-wide army being sent anywhere in the world to quell unrest. World-wide dictatorship, Hitler on a grand scale, think about it.
written by Brandon Smith , July 19, 2011
@Jiggs
Again, you need to explore this website, and read more than just one of my articles before drawing conclusions. Your generalizations make you appear apathetic. If that is not your intent then I suggest you RESEARCH before criticizing. We don't just talk about solutions here, we actively implement them.
Your solution is apparently to complain about anyone who is not taking to the streets immediately with gun in hand to "put the dogs down". Although, obviously, you haven't done that yet either, so I'm not sure how you can point fingers.
So, again, I ask you, what is YOUR solution to globalism? What are YOU doing right now to fix the problems you seem to expect others to fix for you? If you don't like how we do it, then put your money where your mouth is and show us how its done. Fair is fair...right?
written by The Elemental Economist , July 19, 2011
@ Jigg- the reason they say "bad" is NOBODY is able to forecast the carnage that will come when this transition is foisted upon the unsuspecting people of this nation. There is NO WAY TO FORECAST what this will look like, we have had the world reserve currency for almost a century, to unravel this is unprecedented on a macro and a micro level (big picture/small picture for you Jigg) this will be of epic proportion and the simple answer on what to do is to buy your gold and silver now. When this draconian shift is forced upon us the USD will be decimated along with it will be your savings, networth, retirement, home value. NOTHING WILL BE IMMUNE, if you are out of the collapsing currency you can dodge most if not all of the damage. Once the new financial solution has been magically thought of, you can at will transfer your wealth into the new medium of exchange at your convenience. GOLD & SILVER ARE YOUR ONLY OPTION, BUY STOREABLE FOOD NOW AND PREPARE.
written by Simplicity , July 19, 2011
Someone needs to organize a swap meet where people can swap their grocery store discount cards with each other. The grocery stores will no longer be able to track your purchases as they will be attributed to someone else.
The next time you're in a store which uses those cards, ask your neighbor in line if they'd swap cards with you.
Simple way to defeat the system.
written by Gestalt , July 19, 2011
Policy and operations are two different elements.
What is being discussed by the author tends toward being more policy-centric and defensive in nature.
What respondee Jiggs is asking about is more of an operations question -- i.e., taking the battle directly to the provocateurs in an offensive fashion.
An offensive response would require muscle/capability, logistics, intel, awakening and support of the masses, and more than a bit of sheer grit and luck.
At this juncture, the masses are still being bought off via the consumer life style and materialistic lifestyle imperatives, equities markets that underpin many retirement portfolios, etc. -- "I got mine, now don't take it away."
What entity, that is FOR the Constitution and the people, is muscular enough to provide the pointed end to any directed offensive campaign?
Do we understand that power is exercised readily by the money controllers, to include black-bag operations designed to shame/threaten those entangled into "voluntary" silence, or permanent silence via surgical targeting of unprotected individual opposition?
Are the loyal opposition/good guys ready to get down and dirty, just like the international money bunch? Are they ready to go toe-to-toe, and make public lists of the leaders of the international money brigades? Are they willing to organize and support their own teams, while they hunt down the banker perps and their key operations people?
The international banker bunch already operate in such a fashion, TODAY, and continue to advance their agenda BECAUSE they are able to operate with impunity, and with no fear of direct and personal repercussions from the masses.
It is useful to discuss the whys and wherenots of the situation, but without the ability and WILL to project counter-force, will remain just talk.
written by Brandon Smith , July 19, 2011
The question of force versus education is not the issue here. There is a time and a place for both, depending on the circumstances. The issue is the idea that some in the movement (or who claim to be in the movement) seem to be unwilling or unable to devise and apply solutions of their own while demanding that others devise solutions for them. Not only this, but they demand that we design solutions to their exact specifications. Its absurd.
This lazy behavior, I believe, is one of the root problems ailing the Liberty Movement. There are far too many people waiting around expecting others to tell them what to do, or waiting for others to unveil some kind of comic-book-world master plan to defeat globalism. This is a suicidal attitude.
One, because you likely will NEVER see such a plan, at least not one that everyone agrees with, so you will be waiting around doing nothing for quite a long time.
Two, anyone desperately looking for such a single minded plan without the will to adopt their own strategies as well is liable to be easily suckered into supporting a measure not necessarily in his best interest. Or even a measure that would destroy him and those he cares for. (Bolshevik Revolution anyone...?)
Our greatest weakness as a culture is NOT our unwillingness to leap immediately into violence as a group. Our greatest weakness is the common American's delusion that someday someone is going to give him marching orders out of the blue, and that he will never have to put in the effort to think things through for himself.
The only real solutions are those that we can apply as individuals, not those that require us to wait for "everyone else".
written by Silverbug , July 19, 2011
The SDR will not work without GOLD being part of the mix. What currencies do you know that are going up and widely used in commerce? The SDR will be a failure because it will use defalting currencies within it. Without a steady anchor it is simply doomed.
written by Ted T. , July 19, 2011
Every night, banks invest their money in overseas Foreign Exchange currency markets. This is why they don't even care if anyone walks into a bank branch, with hat in hand looking for a loan. Banks easily make about 10% profit EACH night or more by controlling blocks of currency for a short period with either long or short positions.
This trading system is based on fluctutating values between fixed currency pairs. Are we to believe banks will sit back and allow the plug to be pulled on their multi-trillion dollar cash machine? No exaggeration - Forex really does move trillions of dollars.
Something is very wrong here - if all the world's currencies become one currency, Forex could cease to exist overnight. Then what will banks use as their overnight cash machine?
written by Brandon Smith , July 19, 2011
@Ted
If you see the world's central banks as separate entities with separate goals, then yes, a single currency unit would cause them grief. But, if you realize that central banks are merely franchises of the same corporation (Globalist LTD), then a transition to a single trade unit becomes an advantage. Namely less fuss when streamlining control.
You have to understand that central bankers ultimately do not care about "making money". They can print money all day. They care about removing options and keeping the masses dependent on their paper. What that paper happens to look like is irrelevant, as long as its theirs.
A single currency unit does more than centralize the world's economy under the roof of the IMF. It also influences the psychology of the people who are forced to use it. If sovereign nations are convinced to go along with a global currency and a global arbiter of finance, then why not a global government next? The possibility for full scale autocracy is raised considerably.
written by Del , July 20, 2011
The suggestions as they are listed, in an effort to minimize the effects of these up and coming transitions, stand to benefit the participant regardless of what the immediate future holds. Those who actually have the abilities to implement many of these points likely remember Y2K, (even if, from an eye rolling distance at the time..)
The best I can think this advice might afford however, is merely the luxury of more time. What fails to be mentioned, is the obvious, though potentially unpopular sentiment that might be roused among Tea party types, is the old add-age that if you can't beat you might as well join em. If the corporatocracy is to consolidate its foothold on the human race...why not incorporate? Is there not advantages to be gained? Obviously, the subject has the potential to be a very lengthy one..but I have done so myself. Aside from tax structuring etc, a corporation, playing by the existing rules cannot serve time in prison..the share holders, be they common or preferred, have a claim and a shared interest..bartering is all fine and well...but to do so under a corporate umbrella might offer a thing or two that has not been discussed here as far as I can tell.
In closing, I don't think we can do a damn thing about shaping this future that will affect us all, but anticipating a Y2K makes good sense to me. So I had allot of beef jerky 11 yrs ago...my dogs ate well, but nothing wasted ;-)
written by Brandon Smith , July 20, 2011
@Phillip
Really? Its explained in the article...
written by KTB , July 20, 2011
Brandon Bob Chapman says he thinks that the western elites do not want to use the sdr and want to keep the dollar as world reserve backed by gold, and thats why they set up struass khan because he was pushing the sdr. Do you think this is true that there is an internal war with the globalist rats,and how would you see that playing out.
written by Brandon Smith , July 20, 2011
@KTB
While I greatly respect Bob Chapman's work, I don't really agree with that conclusion. Did he say that in an article? Could you send me a link?
Even if the elites wanted to keep the dollar as the world reserve currency, at this point, its too late. The Fed has already set it up for extreme devaluation. Any economic trigger here would automatically hit the dollar. Its inevitable. Also, while the Treasury CLAIMS to have considerable gold holdings at Fort Knox, those holdings have never been audited, so, we might have NO gold to back the dollar even if Chapman's scenario was dead-on.
Next, I have seen very little evidence that suggests Strauss Khan was "set up", all I've seen is the media's normal attempts to attack the character of the woman who says she was raped (also, now there are two women who have come forward). Is it possible the guy was set up? Maybe. But would they set him up to defuse the SDR, which they have been building up for years and have expended considerable energy to promote? That doesn't make sense to me.
Sometimes, there are cover-ups. But, sometimes things are exactly what they seem. Not everything is a conspiracy.....just most things.
written by KTB , July 20, 2011
Thank you for the response I did not read it in a artice I listen to all of Bob's interviews on his blog were he has said this several times. He also said he thinks kahan was set up. I respect both you and wanted to get your take on it. Thanks agaiin
written by Bill Derberg , July 23, 2011
I liked your response in which you critiqued the Liberty Movement. The Founding Father had the will but lacked the means. We have the means but lack the will. The NWO knows this and uses incrementalism to achieve its goals. They know faced with a sudden distastrous crisis the sleeping giant would awaken. Thats not what they want. They want us fat and lazy. Well the fat and lazy people just as they expect gov't to clean their butt and wipe their mouths, expect us to tell them what to do. It's self-determination!!!!! Carpe Diem
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